Marvell Technology Group Ltd. engages in the business of providing semiconductors to high-performance application-specific standard products. It focuses on the development of complex System-on-a-Chip devices leveraging extensive technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing, and embedded and stand alone integrated circuits. The company's product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers, mobile handsets, connectivity and other consumer electronics. Marvell Technology Group was founded by Sehat Sutardja, Weili Dai, and Pantas Sutardja in January 1995 and is headquartered in Hamilton, Bermuda.
Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Phone441-296-6395
Debt
Current Ratio2.32
Quick Ratio1.74
Price-To-Earnings
Sales & Book Value
Annual Sales$2.41 billion
Price / Sales4.60
Price / Cash Flow13.82
Price / Book2.02
Profitability
Net Income$520.83 million
Net Margins4.76%
Return on Assets7.41%
Miscellaneous
Employees3,749
OptionableOptionable
Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions
What is Marvell Technology Group's stock symbol?
Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."
How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?
Marvell Technology Group declared a quarterly dividend on Thursday, December 6th. Investors of record on Wednesday, December 26th will be given a dividend of $0.06 per share on Tuesday, January 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Monday, December 24th. View Marvell Technology Group's Dividend History.
How will Marvell Technology Group's stock buyback program work?
Marvell Technology Group announced that its Board of Directors has authorized a stock buyback program on Tuesday, October 16th 2018, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.
How were Marvell Technology Group's earnings last quarter?
Marvell Technology Group Ltd. (NASDAQ:MRVL) issued its quarterly earnings data on Tuesday, December, 4th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The semiconductor company had revenue of $851.05 million for the quarter, compared to the consensus estimate of $844.07 million. Marvell Technology Group had a net margin of 4.76% and a return on equity of 9.45%. Marvell Technology Group's revenue was up 38.1% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS. View Marvell Technology Group's Earnings History.
When is Marvell Technology Group's next earnings date?
What guidance has Marvell Technology Group issued on next quarter's earnings?
Marvell Technology Group updated its fourth quarter earnings guidance on Tuesday, December, 4th. The company provided earnings per share (EPS) guidance of $0.30-0.34 for the period, compared to the Thomson Reuters consensus estimate of $0.33. The company issued revenue guidance of $790-830 million, compared to the consensus revenue estimate of $849.02 million.Marvell Technology Group also updated its Q4 2019 guidance to $0.30-0.34 EPS.
What price target have analysts set for MRVL?
18 Wall Street analysts have issued 12 month target prices for Marvell Technology Group's stock. Their predictions range from $21.00 to $30.00. On average, they expect Marvell Technology Group's share price to reach $25.0621 in the next year. This suggests a possible upside of 48.8% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.
What is the consensus analysts' recommendation for Marvell Technology Group?
18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 2 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.
What are Wall Street analysts saying about Marvell Technology Group stock?
Here are some recent quotes from research analysts about Marvell Technology Group stock:
- 1. Needham & Company LLC analysts commented, "In conjunction with our industry report published this morning entitled, CES C1H19″, we are reducing forward revenue and NG EPS estimates for the majority of our semiconductor companies under coverage including Marvell. Highlights from our CES meeting appears below." (1/14/2019)
- 2. Rosenblatt Securities analysts commented, "We caught up with Marvell management at CES. Key Takeaways The storage pause (HDDs and SSDs), continues to be viewed as a 2 -quarter dynamic driven by macro economy factors, x86 CPU shortages at Intel (INTC: Sell), and deceler- ating CapEx spend in the data center markets. Management’s bullish stance mid to longer term is based on key storage wins at major hyperscale players in both HDD and SSD areas, HDD pre-amp share gains, and visibility for more wins in high capacity enterprise storage products. Marvell reiterated the notion that its biggest growth driver in the next few years is 5G base-stations due to dollar content expansion to nearly $3K per box from ~$700 per box in 4G." (1/10/2019)
- 3. According to Zacks Investment Research, "Marvell is benefiting from strong demand for data storage in the cloud. Its latest buyout of Cavium is expected to broaden its offerings beyond hard disk drives microprocessors and help it enter into high growth areas such as data centers and wireless communications. Management is optimistic about three new storage architecture solutions that the company released. Also, we believe that the strong demand for Marvell’s 4G LTE products could be a growth driver. Estimates have been stable lately ahead of the company’s Q3 earnings release. The company has mixed record of earnings surprises in recent quarters. Nonetheless, Marvell faces customer concentration risk. The loss of any customer may reduce orders, thereby impacting revenues and operating results. Shares underperformed the industry on a year-to-date basis." (11/14/2018)
Has Marvell Technology Group been receiving favorable news coverage?
Media coverage about MRVL stock has trended somewhat positive on Tuesday, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Marvell Technology Group earned a news sentiment score of 1.9 on InfoTrie's scale. They also gave headlines about the semiconductor company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term.
Are investors shorting Marvell Technology Group?
Marvell Technology Group saw a drop in short interest during the month of December. As of December 14th, there was short interest totalling 21,253,439 shares, a drop of 7.0% from the November 30th total of 22,854,808 shares. Based on an average trading volume of 14,119,737 shares, the days-to-cover ratio is presently 1.5 days. Approximately 3.4% of the company's stock are short sold. View Marvell Technology Group's Current Options Chain.
Who are some of Marvell Technology Group's key competitors?
Some companies that are related to Marvell Technology Group include Micron Technology (MU), Applied Materials (AMAT), Analog Devices (ADI), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), Xilinx (XLNX), TOKYO ELECTRON/ADR (TOELY), Advanced Micro Devices (AMD), Kyocera (KYOCY), Microchip Technology (MCHP), Maxim Integrated Products (MXIM), STMicroelectronics (STM), Skyworks Solutions (SWKS), ASE Technology (ASX) and Qorvo (QRVO).
Who are Marvell Technology Group's key executives?
Marvell Technology Group's management team includes the folowing people:
- Matthew J. Murphy, President, Chief Executive Officer & Director
- Andrew J. Micallef, Chief Operating Officer & Executive Vice President
- Jean Hu, Chief Financial Officer
- Neil Y. Kim, Chief Technology Officer & Executive VP
- Muhammad Raghib Hussain, Chief Strategy Officer & Executive Vice President
Who are Marvell Technology Group's major shareholders?
Marvell Technology Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Gulf International Bank UK Ltd (0.02%), State of Alaska Department of Revenue (0.01%), Cerebellum GP LLC (0.00%) and YHB Investment Advisors Inc. (0.00%). Company insiders that own Marvell Technology Group stock include Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Sehat Sutardja and Syed Ali. View Institutional Ownership Trends for Marvell Technology Group.
Which institutional investors are selling Marvell Technology Group stock?
MRVL stock was sold by a variety of institutional investors in the last quarter, including Gulf International Bank UK Ltd and YHB Investment Advisors Inc.. Company insiders that have sold Marvell Technology Group company stock in the last year include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan and Syed Ali. View Insider Buying and Selling for Marvell Technology Group.
Which institutional investors are buying Marvell Technology Group stock?
MRVL stock was acquired by a variety of institutional investors in the last quarter, including Cerebellum GP LLC and State of Alaska Department of Revenue. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.
How do I buy shares of Marvell Technology Group?
Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Marvell Technology Group's stock price today?
One share of MRVL stock can currently be purchased for approximately $16.84.
How big of a company is Marvell Technology Group?
Marvell Technology Group has a market capitalization of $11.39 billion and generates $2.41 billion in revenue each year. The semiconductor company earns $520.83 million in net income (profit) each year or $1.04 on an earnings per share basis. Marvell Technology Group employs 3,749 workers across the globe.
What is Marvell Technology Group's official website?
How can I contact Marvell Technology Group?
Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]
MarketBeat Community Rating for Marvell Technology Group (NASDAQ MRVL)
MarketBeat's community ratings are surveys of what our community members think about Marvell Technology Group and other stocks. Vote "Outperform" if you believe MRVL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRVL will underperform the S&P 500 over the long term. You may vote once every thirty days.
